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Whale's $3.16M Profit: AI-Driven Venice Token Surges

Coin WorldMonday, Jan 27, 2025 9:36 pm ET

1min read

A significant transaction occurred in the cryptocurrency market recently, with a large investor, often referred to as a "whale," purchasing a substantial amount of VVV tokens and subsequently selling them for a significant profit. According to data from LookIntoChain, the whale spent approximately $155,000 to acquire 414,845 VVV tokens, which were then sold for a total value of $3.32 million. This transaction resulted in a profit of $3.16 million for the investor within a few hours.

The Venice Token, an AI project based on DeepSeek and operating on the Base network, launched on January 27. It supports access to leading models such as Llama 3.3, QWEN 2.5 Coder, and the brand new DeepSeek AI. Users who stake VVV tokens can freely access the Venice API, which may have contributed to the increased demand and subsequent price appreciation of the tokens.

This transaction highlights the potential for significant profits in the cryptocurrency market, particularly in the realm of AI-related projects. As AI continues to gain prominence, investors are increasingly focusing on projects that leverage this technology. The Venice Token's support for leading AI models and its user-friendly API access has likely attracted the attention of both retail and institutional investors, leading to the substantial price increase observed in this transaction.

While the cryptocurrency market remains volatile, transactions such as this one demonstrate the potential for substantial returns on investment. As AI continues to evolve and gain traction, investors are likely to remain focused on projects that leverage this technology, potentially leading to further price appreciation and increased trading activity in the sector.

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